Regarding CPD

You will find everything you need to know on ACCA www: "Your guide to CPD" is here https://www.accaglobal.com/lk/en/member/cpd.html - also on this page is a link to managing your CPD. This is the link to the quick guide to CPD pdf: https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/cpd/cpd-quick-guide.pdf Here are some resources https://www.accaglobal.com/lk/en/member/cpd-landing/cpd-online.html

I became ACCA member in the year of 2019 and as I knew the first year that I should have started with CPD is the following - 2020 . I can find the following on the ACCA site: Who completes CPD? All ACCA members active in the workplace should complete CPD on an annual basis. If you’re a new member then you must begin recording your CPD from 1 January after you become a member. You don’t have to complete CPD if you’re on our retired register. I am not in a public practice, so I am qualifying for a waiver. Should I fill the waiver form for this year, or from the next one? Thank you a lot OpenTuition!

"Active in the workplace" means in work it does not mean in public practice. You will find here grounds to apply for a waiver: https://www.accaglobal.com/gb/en/member/cpd/managing-your-cpd/waivers/how-to-apply.html If you look here in the CPD record examples https://www.accaglobal.com/gb/en/member/cpd/managing-your-cpd/evidence.html you will see that attending a course is only one of the many ways you can obtain obtain CPD. If you go to this link https://www.accaglobal.com/gb/en/member/cpd-landing/cpd-online.html and under type select CPD technical article you will find numerous articles on a wide range of topics. If you read an article and answer the 5 MCQs (correctly) you get a downloadable certificate which you can keep as evidence.

See here for example, https://www.accaglobal.com/uk/en/member/discover/cpd-articles/business-law/sale-leaseback.html, you will get a certificate for 1 unit - i.e. verifiable - when you pass the test of 5 random MCQs. This then is what you claim whether it takes you 45 minutes to read the article and pass the test or 3 hours. (If you're interested in IFRS I highly recommend Adam Deller's CPD technical articles - they are very readable!) So 21 such articles will give you 21 verifiable units. There is a lot of interesting reading and podcasts available here for unverifiable CPD https://www.accaglobal.com/gb/en/professional-insights.html - in your CPD record it's good to be able to record ACCA resources that you can download and keep for future reference.

Yes I would track it all - and also write it up using the tracking tool in myACCA every 3 months, say. If you have more than 40 units - any excess of verifiable over 21 will automatically be carried forward towards the next year's requirement. Every new affiliate should be aware that CPD is something that ACCA can and does "audit" - when I was selected to provide evidence that I had met the requirements a few years ago it was really easy just to give access to my records in myACCA.

Hello, does anyone know if taking an additional professional exam while being a member counts towards CPD and how many units would that be? I passed optional exams for APM and AFM, I would be interested to take ATX if this would grant me CPD for the whole year. Thank you Arminas

@kamgmo - see here https://www.accaglobal.com/hk/en/member/cpd/your-guide-to-cpd/plan-do-review/do.html - "additional qualifications" is one of the many activities that can contribute to CPD.

Thanks Kangmo, did they give any guidance on how many verifiable units could one claim for passing an additional professional exam? Inherently it takes many hours to prepare for prof. exam for the pass, but this can not be verified if self-studied When I was preparing for SBL just practice kit with 5 mock/past exams alone adds up to 86 hours, on top of that there is study text and technical articles My point is prof exam requires way more than 100 hours, but since I'm not working in tax role at the moment would it still count as verifiable CDP? If so, one exam would be enough for two years CDP and I would definitely consider this option even though there is a rather significant cost involved, as well as the risk of failing exam itself Or this would simply count as additional qualification even though it doesn't really elevate your ACCA qualification? Interesting they do not have this as a separate section on their CPD site. I know it's a long post but other people might find this relevant too, would you be able to share what contact did you use to reach out to ACCA, I could follow up with them myself? Thanks

You cannot claim every hour as 1 unit as everyone has their own speed - as a guide I know that for studying for and PASSING a 3 hour "written" exam of a professional study (such as DipIFR), a member can claim 42 verifiable units of which 21 can be carried forward to the following year. Verifiable points for CPD can only be carried forward for a maximum of one year (otherwise it wouldn't be "continuous") - so there is nothing to be gained by claiming more units. I don't think it matters that you are not currently "in tax" - simply broadening your knowledge with a new discipline is education. I successfully claimed CPD for studying for an passing GCE in a new foreign language - which I then continued to study, although not for additional qualifications. It has taught me a lot about English language as well as Slavic languages - and about communication and different cultures - lots of things that are relevant to a professional (!)

thank you Kim for clarifying! I'm aware that taking professional exam is much more difficult (and more expensive) route to CPD than, for instance, reading articles with the test or attending seminars, nonetheless it's good to know this is an option Happy holidays to all!

Hi there, I hope someone might be able to help with queries in relation to CPD for ACCA members. 1. Would studying available Opentuition lectures qualify as CPD? 2. If so, would this be the case even it is for a module that you have previously passed, and hence were using the lectures as a form of revision (but still learning)? 3. Finally, would downloading course notes and / or making your own notes qualify as evidence the learning was done, thus enabling the CPD to qualify as verifiable units? Many thanks, LJ

@LJ123 - Welcome to OpenTuition! Revision of what you're supposed to know already by virtue of passing exams is not CPD. But say, for example, you sat APM and AAA and you're interested in topics of AFM that are relevant to your work - you could study those topics and claim CPD. Merely downloading notes is not verifiable (although I always document anything that I have "on file" in support of non-verifiable CPD). ACCA has its own excellent resources for obtaining verifiable CPD - you can download certificates of completion to support each unit claimed - as well as save the related resource https://www.accaglobal.com/sg/en/member/cpd-landing.html You can see here "Recently aqdded CPD activities" - those that have verifiable units have a * (star) - read the article - pass the associated MCQs - and you can claim a certificate. All articles are free. Some webinars are also free. And see this post also https://opentuition.com/topic/need-verifiable-cpd-for-2022-15-units-of-free-cpd-on-offer-from-acca

I am an ACCA member from Nov 2022 and would like to ask whether I have to make a CPD declaration before December 2022 or not. As in ACCA information it has clearly stated that “ new members must submit a CPD declaration from 1 Jan after you became a member “. But a few days ago I got mail from an ACCA stated that "It's time to declare a CPD and need to schedule before 1 Jan 2023”. So I would like to know about the whether i have to declare it before this year end or not : as my ACCA portal shows that "You are all up to date with your declarations" and Released 1 January 2023(In professional development dashborad). Thank you in advance.

@arjubagale - Welcome to my forum. As per my earlier post (above), most questions are now answered in ACCA's "Your Guide to CPD" https://www.accaglobal.com/lk/en/member/cpd/your-guide-to-cpd.html As you have quoted for the section under "Who completes CPD?" "All ACCA members active in the workplace should complete CPD on an annual basis. If you’re a NEW MEMBER then you must begin recording your CPD from 1 January AFTER you become a member." So no - you don't have to declare CPD - the "It's time to declare" email is just a standard one that went out on 13th to advertise some courses.

Thank you sir for response. Open tuition has always been my savior through out my ACCA journey.

I became a ACCA affiliate on Oct 2019. I have 35 months of experience with one of the B4. I am currently unemployed and have decided to take a career brake. I would like to know if I need to complete CPD as an affiliate

@solfreak - welcome to my forum See here the answer to the FAQ: "I am not working, do I still need to comply with the CPD requirements?" https://www.accaglobal.com/gb/en/help/member-cpd-faqs.html

Hello. Does on the job training for a new IT reporting system count as verifiable CPD. Thanks you.

It sounds very relevant! Be sure to document it using the recording tool!

Hi Kim, I let my unverified CPD fall by the wayside this year. Fortunately I'm on track for verifiable. I'm a little confused about how to break down my activities during work as unverifiable CPD. For example, if I spent many hours working on a complex provision in my job, can I claim it as say 5 units if it was about 5 hours of work? Thank you in advance.

I actually had a further question. I realised after my above comment that simply working on a provision probably doesn't count as unverifiable CPD since working on provisions themselves is something I should be familiar with from my studies already. So I'm thinking communicating with other teams who have to provide non FR info to my calculation might count instead, what do you think? And I was also wondering if I have to fill in the "why did you choose this" and "what did you learn" for the unverifiable? And lastly, if I have a monthly meeting with other teams (FP&A or completely non-financial parts of the business or whoever), can I put in the dates for that as 01/01-31/12 and claim it as roughly 12 units? Sorry for all the questions, I feel like it's harder to find info about unverifiable than verifiable so I'm a bit lost!

I suggest take a moment to look at what is CPD ... "It's the learning and development that you’ll do throughout your membership ... CPD will provide you with the skills that you need to perform your day-to-day job, as well as enhance your employability for the future." https://www.accaglobal.com/gb/en/member/cpd/your-guide-to-cpd.html So the key words are "learning", "development", "skills" so generally, the doing of the day-job does not provide CPD. Spending your own time to read a related article or research a related topic would be unverifiable CPD. You could claim for monthly training and development meetings, but I don't think monthly brieifing meetings would be CPD. I don't know how many units you are looking, for, but here's an idea (this is what I do every December): Go https://www.accaglobal.com/gb/en/member/cpd-landing.html Select "I'm looking for online CPD" from the top frame Select "AB article" from the Type drop-down menu Narrow the choice down by any topic you're interested in For those starred with "1 CPD unit" you can claim verifiable CPD for answering the MCQs correctly - and download a certificate to save as evidence You can claim unverifiable CPD (use your judgement - 0.5 or 1 unit depending on how long it takes you to digest it).

... you can SAVE the article as evidence ... and it doesn't matter if what you choose isn't directly relevant to your current job. Also, the comments you can add to the record - these don't have to be essays (!) - ethics topics are pretty much always relevant - and anything "digital" or "sustainable" is looking to the future, etc. And don't be afraid to think outside the box ... For many years I included a proportion of the hours I spent on a foreign language course ... it didn't matter that it had nothing to do with "accounting" - I found it very relevant to communication skills, cultural awareness and "softer" skills.

Hi all, If in near future I am no more working in accounting field and decided to switch career to another field or run businesses (non-accountancy), what will happen to my CPD? Can I still fill my CPD and retain my membership (in case I may steer back to accounting, if plan doesn't work out), Will I lose the qualification for 13 passed exams? Thank you

Apologies that I did not see your post - there is no loss of qualification - but you can lose membership if you don't maintain professional competence for the accounting profession. What constitutes professional development for "accountatncy" is extremely broad - see here: Professional skills - https://www.accaglobal.com/gb/en/member/cpd/your-guide-to-cpd/cpd-support-packages/prof-skills.html Sustainability - https://www.accaglobal.com/gb/en/member/cpd/your-guide-to-cpd/cpd-support-packages/sustainability.html AI - https://www.accaglobal.com/gb/en/member/cpd/your-guide-to-cpd/cpd-support-packages/ai.html